also our market has been on an uptrend for a while now since mid-March , almost all counters rebounded from lows , some more than others but now may not be a good time to be bullish - i think the recent market rise has lulled many market players into a sense of positive complacency - Btw , DJIA dropped 600+ points while Nikkei future also dropped heavily on Friday - chart-wise look like pennant breakdown signalling resumption of the earlier downtrend - Monday could see our market follow suit - bears waking up from the short nap - just my two cents to advice caution now
if hengyuan was traded between 3-4 before covid, whay make you think the price can go to 5 after covid ended with same demand? oil price below 20, margin spread won't vr better
a lot of pseudo-analysis in this site - almost seems written with one purpose to garner support with no risk to money taken into account. in this MCO i have the opportunity to survey the postings - recent and past - a lot of losses seen - some even bragged how much they lost as if it is an honor ! also a lot of marketing of trading/advisory platforms which i avoid - i mean if its so good as claimed why not the founders use it to make lots of money - no need to sell to the public. but all these make for entertaining read nonetheless hahaha
Talib is right , if HY was at 3-4 before covid , to go back to 5 needs some sort of magic - demand just not there anymore , also i think refined oil inventory must have build up over the past 2 months
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
probability
14,496 posts
Posted by probability > 2020-05-02 16:52 | Report Abuse
Bursa sifu, please let go of Hengyuan, migrate to Serbadk if you need to invest on O&G...
HY will suffer huge stock loss on coming qtr results...refinery margin is like shit..